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Surge in Options Trading for KB Home, Core Scientific, and OXM

Notable trading activity in options today marks a critical moment. KB Home, Core Scientific Inc, and Oxford Industries, Inc. saw significant volumes, indicating potential stock price movements ahead.

Date: 
AI Rating:   6

In the report, we observe that KB Home (KBH) has a total volume of 7,448 contracts traded today, representing about 744,800 underlying shares. This constitutes approximately 62.7% of KBH's average daily trading volume of 1.2 million shares over the past month. The high volume in options trading could indicate increased investor interest or potential volatility surrounding the company. Particularly, the $60 strike put option is seeing noteworthy trading with 3,548 contracts, translating to about 354,800 shares.

For Core Scientific Inc (CORZ), a significant volume of 128,203 contracts or roughly 12.8 million underlying shares has been traded today. This figure corresponds to about 61.8% of CORZ's average daily trading volume of 20.8 million shares. The unusual activity in the $7 strike put option, with 30,691 contracts traded, could reflect growing bearish sentiment or a speculative outlook from investors regarding the company's future performance.

Oxford Industries, Inc. (OXM) has also experienced notable options activity with 2,829 contracts equivalent to approximately 282,900 underlying shares, which accounts for 61.2% of its average monthly trading volume of 462,250 shares. The $60 strike call option, with 944 contracts traded, could suggest optimism among investors.

Overall, the significant options trading activity across these companies indicates a potential for stock price volatility. High volumes in options, particularly for put options, could signify that investors are hedging against risk or anticipating downturns in stock prices.